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04/09/2018 Live Update

04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 9:23 am

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bias is up?
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 9:26 am


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Re: 04/09/2018 Live Update

Postby fehro » Mon Apr 09, 2018 9:27 am

/ES mind the Gap yesterday.. messy chart .. support/resistance zone yellow area… and cyan 2617.75 again :roll:
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Re: 04/09/2018 Live Update

Postby te_fern » Mon Apr 09, 2018 9:55 am

The TICKs are not above their moving average lines yet...
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Re: 04/09/2018 Live Update

Postby Trades with cats » Mon Apr 09, 2018 10:00 am

Tagged the overnight high. Still expecting a test of overnight low/Friday's close.
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Re: 04/09/2018 Live Update

Postby te_fern » Mon Apr 09, 2018 10:06 am

Just watching. Agree with TWC that we could have a test of the recent lows. Need more backing and filling to get the bulls set up for a push up....
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 10:07 am


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Re: 04/09/2018 Live Update

Postby te_fern » Mon Apr 09, 2018 10:07 am

Bios are strong this morning, up 10%...
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Re: 04/09/2018 Live Update

Postby Trades with cats » Mon Apr 09, 2018 10:24 am

So far inside day with VWAP /Mid ( I am using a Daily mid just because I can) being the most important line on the chart.

Found a possible reason for today as an inside day in the news feed. The Chinese Emperor speaks tonight at a big international conference (Boao Forum conference in 12 hours). So just like when Fed Chair gave a speech last week and the market was hoping for insite, trading dried up in anticipation. Normally I would say "Really?" but this market is so totally news driven I think the idea of a potential Chinese policy clarification causing everyone to freeze has merit.
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 10:28 am

100% mm? So far looks like an uptrend day.
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 11:13 am

consolidation, bias is up.
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 11:23 am

a little resistance here.
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 12:02 pm


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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 12:02 pm

this bull shall have legs.
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Re: 04/09/2018 Live Update

Postby fehro » Mon Apr 09, 2018 12:41 pm

straight up all morning .. fomo rally.. now down all afternoon for a gravestone candle? and gap fill? sounds nuts :roll: … QQQ's filled Fri's gap, IWM weaker, SPY no Fri gap tag
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 12:42 pm

generally the pullback would be bought.
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Re: 04/09/2018 Live Update

Postby Trades with cats » Mon Apr 09, 2018 12:44 pm

relative volume bars on the 5 minute chart tracking 20 day average were running at 72%, with a spike bar on this new selling. My point we have seen this pattern, the relentless bull move on low volume. It has been consistently followed by high volume wash outs. So stay tuned to see if the pattern is broken this time.
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Re: 04/09/2018 Live Update

Postby Trades with cats » Mon Apr 09, 2018 12:46 pm

ES 06-18 (5 Minute) 2018_04_09.png
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Re: 04/09/2018 Live Update

Postby Cobra » Mon Apr 09, 2018 12:46 pm

maybe buyers at ema20 coming
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Re: 04/09/2018 Live Update

Postby Trades with cats » Mon Apr 09, 2018 12:50 pm

ES 06-18 (60 Minute) 2018_04_09.png

60 minute bars using 40 days for the relative volume and range calculation. So the number on relative volume looks better, but compared to recent selling days, same story.
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